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Archive for May 13th, 2008

Schwarzenegger Will Seek Bonds Backed by Lottery to Fix Deficit (Bloomberg.com)

May 14 (Bloomberg) — California Governor Arnold Schwarzenegger will propose that the most-populous U.S. state borrow $15 billion against lottery revenue over the next three years to help fill a budget deficit, his press secretary said.

Supreme Court suspends graft trial on lottery cases (The Nation - Thailand’s English news)

The graft trial on the lottery case has been put on hold until the Constitution Court could rule on two….

Lawmakers to governor: Sell unneeded land, not lottery (Contra Costa Times)

n Schwarzenegger may lease state-run lottery to blunt what will likely be broad, deep cuts

Schwarzenegger’s new budget proposal to give voters option of borrowing against state lottery (Los Angeles Times)

If that plan is rejected, a 1-cent sales tax increase would be implemented. Gov. Arnold Schwarzenegger will propose giving voters the option of borrowing against the state lottery or paying new sales taxes in his latest plan for closing a budget shortfall now estimated at $17.2 billion.

Schwarzenegger to propose lottery borrowing to ease deficit (The Sacramento Bee)

Gov. Arnold Schwarzenegger will propose borrowing against future state lottery revenue to help close a $15.2 billion budget deficit in the next fiscal year.

AP: Budget Revision Would Borrow from Lottery Revenue; Maintain School Funding (News10 Sacramento)

Gov. Schwarzenegger will propose borrowing against future state lottery revenue to help close a $15.2 billion budget deficit in the next fiscal year.

Halter Says Signature Goal Met For Lottery Initiative (The Morning News)

LITTLE ROCK - Lt. Gov. Bill Halter said Tuesday he has collected more than enough signatures to place his proposed constitutional amendment to create a state lottery on the November ballot.

Dispute over lottery case becomes tense (Bangkok Post - Thailand’s English news)

A dispute between the Assets Scrutiny Committee and the Office of the Attorney-General became tense yesterday when the ASC petitioned the Supreme Court over comments by public prosecutors on the two- and three-digit lottery.

AP Exclusive: Schwarzenegger to propose lottery borrowing (San Francisco Chronicle)

Gov. Arnold Schwarzenegger on Wednesday will propose borrowing against future state lottery revenue to help close a $15.2 billion budget deficit in the next fiscal year. The governor will propose raising $15 billion over the next three years by selling bonds…

AP Exclusive: Schwarzenegger to propose lottery borrowing (The Fresno Bee)

Gov. Arnold Schwarzenegger on Wednesday will propose borrowing against future state lottery revenue to help close a $15.2 billion budget deficit in the next fiscal year.